XML 40 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Share Based Compensation (Tables)
12 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair value assumptions for stock options on the date of grant
We estimated the fair value of each stock option on the date of grant using the Black-Scholes pricing model and the following assumptions:
 
 
2013
 
2012
 
2011
Average risk-free interest rate
 
0.66
%
 
1.06
%
 
1.94
%
Expected dividend yield
 
2.35
%
 
2.29
%
 
2.37
%
Expected volatility
 
0.43

 
0.43

 
0.39

Expected term (years)
 
5.3

 
5.3

 
5.5

Summary of stock option activity
A summary of stock option activity for the year ended September 30, 2013 is:
 
 
Shares
(in thousands)
 
Wtd. Avg.
Exercise
Price
 
Wtd. Avg.
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic Value
of In-The-Money
Options
(in millions)
Outstanding at October 1, 2012
 
7,873

 
$
56.75

 
 
 
 
Granted
 
1,087

 
80.34

 
 
 
 
Exercised
 
(3,379
)
 
51.22

 
 
 
 
Forfeited
 
(91
)
 
74.07

 
 
 
 
Cancelled
 
(2
)
 
65.13

 
 
 
 
Outstanding at September 30, 2013
 
5,488

 
64.53

 
6.9
 
$
232.7

Vested or expected to vest at September 30, 2013
 
5,311

 
64.15

 
6.8
 
227.3

Exercisable at September 30, 2013
 
3,048

 
55.40

 
5.6
 
157.1

Summary of performance share activity
A summary of performance share activity for the year ended September 30, 2013 is as follows:
 
 
Performance
Shares
(in thousands)
 
Wtd. Avg.
Grant Date
Share
Fair Value
Outstanding at October 1, 2012
 
297

 
$
76.84

Granted1
 
79

 
98.15

Adjustment for performance results achieved2
 
98

 
54.81

Vested and issued
 
(232
)
 
54.81

Forfeited
 
(9
)
 
96.82

Outstanding at September 30, 2013
 
233

 
96.02

Schedule of performance shares vested during the year [Table Text Block]
The following table summarizes information about performance shares vested during the years ended September 30:
 
 
2013
 
2012
 
2011
Percent payout
 
173
%
 
200
%
 
42
%
Shares vested (in thousands)
 
232

 
345

 
44

Total fair value of shares vested (in millions)
 
$
18.7

 
$
25.8

 
$
3.0

Fair value assumptions for performance share awards on the date of grant
The per share fair value of performance share awards granted during the years ended September 30, 2013, 2012 and 2011 was $98.15, $101.57 and $87.00, respectively, which we determined using a Monte Carlo simulation and the following assumptions:
 
 
2013
 
2012
 
2011
Average risk-free interest rate
 
0.32
%
 
0.39
%
 
0.63
%
Expected dividend yield
 
2.32
%
 
2.29
%
 
2.01
%
Expected volatility
 
0.36

 
0.43

 
0.49

Summary of restricted stock and restricted stock unit activity
A summary of restricted stock and restricted stock unit activity for the year ended September 30, 2013 is as follows:
 
 
Restricted
Stock and
Restricted
Stock Units
(in thousands)
 
Wtd. Avg.
Grant Date
Share
Fair Value
Outstanding at October 1, 2012
 
269

 
$
59.57

Granted
 
65

 
80.17

Vested
 
(124
)
 
44.71

Forfeited
 
(11
)
 
76.13

Outstanding at September 30, 2013
 
199

 
74.63